Global firm Simmons & Simmons has become the latest top-end practice to announce big profit rises.

In the year to 30 April 2026 profits grew by 14% to £245 million, the firm announced today. Profit per equity partner was up by 11% to £1.25m. Revenue was up by 12% to £690m, with particular success for the asset management and investments funds division and the technology, media and telecoms practice.

Global managing partner Emily Monastiriotis said: ‘Over the past year our expanding international platform and highly specialised sector focus has continued to be a real source of strength, contributing strongly to our overall performance.

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‘The results also reflect a year of major investment – in our partnership, new offices and our AI capabilities.’ She added that the firms has a new five-year plan setting out its ambition to become a leading AI-enabled legal practice. 

The firm hired 37 lateral partners over the last financial year, across 14 offices and multiple sectors; it also promoted nine people to partner. Women made up 56% of those promoted, meaning the firm has already met its 2026 target for women to represent 50% of partner promotions.

It has been reported today that the firm has closed its Cambridge office, which it inherited in 2019 through an acquisition. The firm has yet to respond to a request for details about what will happen to staff based in the city.